Coll 30/124A 'Koweit (Neutral Zone) Oil Concession: Negotiations with Petroleum Concessions Ltd.' [‎435r] (869/883)

From
To
Dated
Frank Holmes
Janson,Hrosvenor IIo*|
10 th February, 1945 k
’•Made contact' as instructed also have, second
string v/hich may prove preferable stop. Thereafter
full power of attorney necessary stop telegraph amount
ih thousands received each year from 38 to 43 botn
inclusive stop meantime hold power of attorney in
London but advise me when executed stop shall not
close any deal without your sanction”.
Janson, Grosvenor House, Park Lane, London
Frank Holmes, Kuwait.
From
To
Dated
” Your cable 10th February received minimum figure
mentioned in my letter 24th November must be net to us
after allowing for Hard and other stop cannot consider
lower price having rehard all pur interests referred^to
in paragraph two my letter 23rd November receipt 37
29 27 24 26 stop Preparing power of attorney will advise
when executed”.
From Frank Holmes, Kuwait
To Janson, Park Lane, London.
Dated 151} February, 1545.
” Received telegram of 13th February have not
received your letter of 23rd Movember up to tne present
stop suggest you telegraph minimum figures also amount
you consider allowances will total stop would point out
that I hold one third interest in Royalty on one con
cession value of which thought considerable should be
agreed before pooling both areas”.
From Frank Holmes, Kuwait
To Janson, Grosvenor House, Park Lane, Loi
Dated 13th February, 1945.
” Reference fjrst paragraph in mine of 15th February
stop I overlooked that letter of 23rd November was the /
one you handed to he in London I did not bring it with
me suggest you telegraph me resume of relative figures
the re in”.
From Janson, London
To Major Frank Holmes, Kuwait
Dated 20th February, 1545.
” Reply to your cablegrams 15th and l 6 Eu resu le
my. letter 23rd - November as follows Five hundred
thousand for all interests ten per cent commission
but might consider accepting three hundred thousand
net to'share holders stop in event obtaining offer
exceeding three hundred thousand extra comrission of
five oer cent on amount above three hundred thousand
resume ends suggest you negotiate bas-'-S five hundred
thousand divided as to four hundred thousand existing
concession one hundred thousand extension allowances
this basis as follows commissions si^t^/ thousand
your one third interest twenty six thousand Hard
forty four thousand.”